Page 124 - Commercial - Underwriting Mandates & Guidelines Binder

Motor
HEAVY COMMERCIAL VEHICLES
VEHICLE VALUE
REGION
Cape Town/Boland Metro
R650 001 – R700 000
R700 001 – R750 000
R750 001 – R800 000
R800 001 – R900 000
R900 001 – R1 000 000
South Coast/North Coast
Western Cape Rural
Port Elizabeth
East London
4.60% – 4.50%
6.25% – 5.45%
6.25% – 5.40%
6.25% – 5.35%
6.25% – 5.30%
4.50% – 4.40%
6.00% – 5.20%
6.00% – 5.15%
6.00% – 5.10%
6.00% – 5.05%
4.40% – 4.30%
6.00% – 5.20%
6.00% – 5.15%
6.00% – 5.10%
6.00% – 5.05%
4.30 – 4.20%
6.00% – 5.20%
6.00% – 5.15%
6.00% – 5.10%
6.00% – 5.05%
4.00%
5.95% – 4.70%
5.95% – 4.65%
5.95% – 4.60%
5.95% – 4.55%
3.3.1 Third party only – 45% of comprehensive premium, minimum R200
3.3.2 Third party, fire and theft – 65% of comprehensive premium, minimum R300
Loadings
Loss ratio between 65% and 80% Loss ratio between 81% and 100% Loss ratio between 101% and 150% Loss ratio over 150%
15% 25% 40% 60%
3.4
Motorcycles
MOTORCYCLES
REGION
VEHICLE VALUE
MINIMUM MONTHLY PREMIUM
up to R50 000
R50 001 – R100 000
R100 001 – R150 000
R150 001 – R200 000
R200 001 – R250 000
Gauteng
North-West/ Limpopo/Mpuma- langa Metro
NW/LP/MP Rural
Free State Metro
Durban/ Pietermaritzburg
South Coast/North Coast
Cape Town/Boland Metro
Western Cape Rural
Port Elizabeth
East London
R300
R250
R250
R250
R250
R250
R250
R250
R250
R250
8.00%
5.50%
5.25%
5.25%
10.00% 9.80% 9.00% 8.80%
8.00% 7.50% 7.00% 6.50%
7.00% 6.50% 6.00% 5.75%
7.00% 6.50% 6.00% 5.75%
8.00% 7.50% 7.00% 6.50%
8.00% 7.50% 7.00% 6.50%
6.75% 6.50% 6.25% 6.00%
6.75% 6.50% 6.25% 6.00%
6.75% 6.50% 6.25% 6.00%
6.75% 6.50% 6.25% 6.00%
7.50% 7.00% 6.50% 6.00%
5.25% 5.00% 4.75% 4.50%
5.00% 4.75% 4.50% 4.25%
5.00% 4.75% 4.50% 4.25%
8.50%
6.00%
5.50%
5.50%
6.00%
6.00%
5.50%
5.50%
5.50%
5.50%
5.50%
4.00%
4.00%
4.00%
MOTORCYCLES
VEHICLE VALUE
REGION
Gauteng
R250 001 – R300 000
R300 001 – R350 000
R350 001 – R400 000
R400 001 – R450 000
R450 001 – R500 000
R500 001 and above
North-West/ Limpopo/Mpuma- langa Metro
NW/LP/MP Rural
Free State Metro
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Commercial Underwriting Mandates and Guidelines – Binder – Version 4 2022